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International Datacasting inks deal with Wananchi

CARTOON
By | July 1st 2010

June 30

International Datacasting Corp (IDC) said it signed a $16 million contract with Kenyan telecom company Wananchi Group to develop, build and roll out direct-to-home broadcasting services in the African sub-Sahara region.

IDC, which develops systems to distribute broadband multimedia content, said Phase 1 of the agreement includes the set up of a satellite-to-set-top box platform and the delivery of 100,000 set-top boxes over the next 18 months.

IDC also said the agreement discusses the possibility of a Phase 2 and Phase 3, which would consist an additional 100,000 units for each subsequent phase, depending on Wananchi's needs, over three years.

The Ottawa, Ontario-based company's shares, which have lost 17 percent of their value in the last three months, closed at 24 Canadian cents on the Toronto Stock Exchange.

-Reuters

 

 

 

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